2026 DSS P1 Q6

2026 DSS P1 Q6

Secondary 4
3 marks

Mr Wee invests in an account that pays 2.2% per year compound interest. He leaves the money in the account for 8 years. At the end of 8 years there is \$6545.91 in the account.

Calculate the total amount of interest Mr Wee earned over the 8 years.[3]

Solution:

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Answer:\$1045.91

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